SDG Group has developed a multidisciplinary center of excellence in the end-to-end assignments of modeling and implementing advanced business analytics and data-driven solutions by business domain. CVA is a boutique strategy consulting firm with a global reach, operating out of 18 offices in Europe, the US, and the Asia-Pacific region. Based in London and New York, we work with many household names and global organizations helping them to develop strategies and transform their business. The potential result? Well in NYC, IB starts on the same base salary as consulting. Accenture Strategy Consultants in the UK have a salary that clocks in a bit lower at 83,000. salaries in Germany used to be similar to the US when I started around 4 years ago, but with the dollar getting so much stronger since then, there is a big difference nowadays. Building on its strong 50-year heritage and deep industry-specific expertise, Capgemini enables organizations to realize their business ambitions through an array of services from strategy to operations. The number is essentially the same. Baringa Partners is an independent business and technology consultancy. Monitor Deloitte specializes in addressing a variety of management areas, including Corporate & Business Unit Strategy, Customer & Marketing Strategy, Digital Strategy, Innovation, and Pricing Strategy & Profitability Management. Oliver Wyman is a global leader in management consulting. L.E.K. Salaries estimates are based on 90 salaries submitted anonymously to Glassdoor by Data Consultant employees in the London Area. Lets pay it forward! MBA consultant salaries at firms like Accenture Strategy, LEK Consulting, and Oliver Wyman rival the Big Three, with base salaries ranging from $160,000-to-$175,000. This includes Atlanta, Houston, Philadelphia, and other metropolitan areas. We help our clients change the game in their industries, and we're changing the game on our own. Big4: I would say standard hours are 9 to 6/7pm with busy seasons (8 to 10 weeks a year) you could be working until 11/12. Thats why we put in hundreds of hours of research each year to bring you the most up-to-date consultant salary information anywhere. Second year Consultants earn an average base salary of $195,000. Top Consulting Firms Consulting Firms to Work For. We specialize in providing unique high-value data and actionable recommendations to help our clients improve their business results. Bain & Company is one of the world's leading business consulting firms. Roland Berger, founded in 1967, is the only leading global consultancy of German heritage and European origin. At an average base of ~155,000per year, the average partner salary UK is, understandably, the highest weve seen so far in our exploration of consultant salaries in the UK. Been promised a 12-15% hike with a promotion to manager in feb and ano more 1 Like 8 Comments Share 2 months an Assistant Director Does anyone know how much an SM and Associate Director make in Accenture London? Many consulting firms offer masters students the same positions as undergraduate students. We only work in public services and were passionate about making experiences and outcomes better for public service users your customers and patients. Our industry focus helps KPMG firms professionals develop a rich understanding of clients' businesses and the insight, skills, and resources required to address industry-specific issues and opportunities. Because of the up-or-out structure and the attractive exit opportunities, only a small percentage of consulting recruits make it all the way to Senior Partner. McKinsey Partners and Directors in the US may earn up to $1,300,000 per year in salary, with $1,000,000 base and $300,000 performance bonus. Most grads would share apartments 2/3 bed and live in less pricey areas. Our consultancy team has an unrivaled track record of delivering it.. Sure, youll learn a lot at BCG and have a prestigious name attached to your resume. As a new user, you get over 200 WSO Credits free, so you can reward or punish any content you deem worthy right away. Cairneagle is a boutique strategy consultancy focused on education, media, and technology that has built a strong reputation for delivering rigorous, data-driven analysis and excellent value for money since our establishment in 2001. The EY consultant salary UK at the junior consultant level is 35,400. Like many other top firms, BCGs career development path tends to obey an up-or-out strategy. Our collaborative and efficient approach helps clients reduce costs, and manage risk and regulatory change while increasing revenues. gform.initializeOnLoaded( function() {gformInitSpinner( 110, 'https://managementconsulted.com/app/plugins/gravityforms/images/spinner.svg' );jQuery('#gform_ajax_frame_110').on('load',function(){var contents = jQuery(this).contents().find('*').html();var is_postback = contents.indexOf('GF_AJAX_POSTBACK') >= 0;if(!is_postback){return;}var form_content = jQuery(this).contents().find('#gform_wrapper_110');var is_confirmation = jQuery(this).contents().find('#gform_confirmation_wrapper_110').length > 0;var is_redirect = contents.indexOf('gformRedirect(){') >= 0;var is_form = form_content.length > 0 && ! Consultants are typically promoted (or asked to seek employment elsewhere) every 2-3 years. If you need more information please view the individual settings. Determining the management consultant salary you can expect to receive, or more narrowly, a strategy consultant salary, is probably one of the defining factors in deciding which firms you will apply to. We are uncompromising in our approach to helping clients consistently make better decisions, deliver improved business performance and create greater shareholder returns. We combine the in-depth expertise of a global advisor with the focus, attention, and flexibility of a boutique consulting firm. Career switch from Civil Eng. BCG data scientists earn an average salary of $108,000, with top earners paid over $140,000 a year. Occasional travel to clients in EU is also possible but is rare.. and only really available if you actively pursue such projects. The firm offers 3 main services operational excellence, Known for our hands-on approach, industry expertise, and resolve, Proudfoot delivers an agile workforce, improves performance, expands profitability, and propels top-line growth for our clients. Were an international consulting firm, but weve never seen size as an end in itself. Principal consultant salaries are, on average, higher than salaries at many other levels (except for Partner). Also I know a few companies even pay accomm costs if you are moving on a secondment for a max of 6 months, may be worth looking into that? Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc, Construction, Repair & Maintenance Services. The highest salary for a Consultant in London, England is 78,412 per year. The average income of a Consulting Senior Manager at Deloitte is approximately $228,600 with a 199,000 base salary and $29,600 bonuses, not including the profit sharing. Regardless, salary growth is substantial for each promotion you receive at a consulting firm. In sum, if you want to get paid in the UK, MBB or boutique firms will compensate you well above what the Big 4 firms will. Vacation allowance is much more generous, usually in the 25 to 30 day range, plus about 10 public holidays. Other top boutiques will generally pay between 80,000-90,000. Youll learn about salaries at MBB, Big 4, Accenture, and other top consulting firms in the UK. Still, there is only so much that firms can cut, and salaries keep rising (as youll see). Et dolores harum est sed sed debitis consequatur. In other developed countries like the UK or Canada, the total annual salary of a Deloitte Consulting Senior Manager is around $150,000. For entry-level roles that means folks coming right out of undergraduate/MS programs the average base salary for consultants in the UK is around ~40,000. In fact, less than 20% of McKinseys most recent intake was made up of direct MBA hires, and the firm hired analysts from over 370 universities. In top consulting firms, you can typically expect a10-20% increase in your base pay and/or performance bonuses each year. In addition, the US market is experiencing a war for talent between Silicon Valley, Wall Street, and consulting. One common refrain is the clich that you can have a baby for only $20 in copays. At McKinsey, Bain, and BCG, management consulting salaries are relatively flat across all offices within a country. Whilst salaries will increase every year, promotions to the next grade (e.g. Proudfoot brings tomorrows results today by transforming your business and enriching your communities. The role is usually called either Consultant or Associate, depending on the firm. Use the Wallstreet Oasis Company Database to access reviews, interviews, and salaries for thousands of firms. If you accept a consulting offer in any country, you will likely be paid more than the average local employee with a similar tenure in professional service industries. Apparently theres a national issurance or smth like that, so the true tax rate is a lot higher. Kearney offers MBA grads $168,000 in base salary. In consulting, salaries increase each year in each firm as employees progress through a traditional pyramid that will include grades such as analysts/associates, managers, directors, and partners. Established consulting firms drove a lions share of the overall industry growth through organic and inorganic means. Thus, the cost of living can vary considerably for consultants working in the US, while most UK consultants can expect London living expenses, which doesnt help. There is a large variation in management consulting salaries within firms across different countries. As strategies, technologies, and innovation collide, we turn complexity into opportunity. For employees with an undergraduate degree or a non-management Masters degree, the BCG salary rose to $110,000 in 2023. Get into McKinsey. This means that, within a regular time frame, employees are typically either offered a promotion or asked to seek employment elsewhere. While most historical consulting salary increases were in the 2-4% growth range, this years increase was around 10%, signaling the effects of a tightening labor market and increased demand. The cost of living in America is higher as well, as Americans find themselves paying for things many Brits dont dream of paying, as the UK has more of a societal safety net compared to the U.S. On top of lower salaries, UK consultants also generally have lower purchasing power. The average salary for a Consultant is 47,093 per year in London, England. Innovation has become a necessary ingredient for sustained success. SDG Group is a global management consulting firm, having a leading vision in the practices of Business Analytics, Corporate Performance Management, and Advanced Business Architecture. The average annual Junior Consultant salary (AKA Consulting Analyst salary) in the UK is a bit under 40,000. In doing so, we are often at the heart of them achieving their most ambitious goals. And Big4 do deal with some exciting stuff such Man United, Liverpool FC player transfer etc. or Want to Sign up with your social account? However, we recommend considering other factors in your search as well, including exit opportunities, firm culture, travel, and more. The highest salary for a Consultant in London Area is 78,412 per year. You can choose to activate only essential cookies or all cookies. This estimate is based upon 154 FTI Consulting Consultant salary report (s) provided by employees or estimated based upon statistical methods. The biggest factor in deciding which career to choose or firm to join is salary. Likewise, performance bonuses for BCG UK employees are typically lower. Join the worlds leading case interview community today and get everything you need to prepare for your upcoming case interviews! At BCG, Consultant is the title for new hires who hold an advanced degree (MBA, PhD, JD, MD, etc.). You cant out-innovate the market. Do you guys think it is possible to ask the big 4 in London to match my salary in the US? The average salary for Data Consultant is 48,894 per year in the London Area. Salary: 31.5k; FTI Consulting, Inc. is an independent global business advisory firm dedicated to helping organizations manage change, mitigate risk, and resolve disputes: But the bottom line is that consulting salaries in the UK lag U.S. salaries in a significant way. Bain consultant salary ranges from a maximum of $122,500 for junior Associate Consultants, to a $226,500 for senior Consultants. BCG Consultant Salary. Combining analytics, technology, and industry experience, we can help you succeed in it faster. Like McKinsey and Bain, you can expect a BCG salary to increase by 10-20% every year. The BCG salary earned by interns is broken down according to the degree held by the intern. employs more than 1,400 professionals across the Americas, Asia-Pacific, and Europe. Each listed company includes a short profile with useful information at one glance, such as glassdoor ratings and average salaries. Javelin Group, part of Accenture Strategy, provides strategy consulting and digital transformation services to the worlds leading retailers and consumer brands. Cartesian provides strategic advice, project delivery, and technology solutions for the communications sector. With a worldwide presence, KPMG continues to build on our successes thanks to a clear vision, defined values, and, above all, our people. Our fact-based strategy, rigorous analytics, and implementation expertise generate original, granular insights that help our clients turn their most difficult challenges into game-changing growth and productivity opportunities. How much does a Consultant in London Area make? The negative reviews focus on elements of the job that are likely endemic to the consulting industry at large. We help our clients realize their goals by applying our deep industry and functional expertise to understand and address their specific needs. Through its behavioral lens, RHR has worked side by side with CEOs, board directors, and senior executives for more than 70 years, helping them acquire the knowledge, wisdom, and skills necessary to achieve business results. Consulting Analyst 52 Salaries submitted 53,105 47,031 | 6,090 47K 60K Management Consultant 48 Salaries submitted 82,552 80,693 | 7,835 64K 107K Both at the undergraduate/masters level and post-MBA/PhD, management consultant salaries continue to stay competitive to rival Banking and Big Tech. Learn more about the salary as a management consultant! Is compensation in the UK higher than in the U.S.? Overall, the consulting market has been undergoing a number of changes. This has two important implications. Project Leaders have a maximum annual salary of $266,000; Principals and Partners may earn up to $1,150,000. Case Team Leaders can make Javelin Group helps clients improve their competitiveness by anticipating and responding to the rapid changes in customer shopping habits and retail technologies. Large firms acquired boutique strategy houses in lieu of (or in addition to) organically building their own (e.g., AlixPartners acquiring Galt & Co.). Click here to see the total pay, recent salaries shared and more! The first level of junior partner/principal is usually a BCG employees third promotion and occurs after six to eight years with the company. Its a big year for the consulting industry as well. At BCG, Consultant is the title for new hires who hold an advanced degree (MBA, PhD, JD, MD, etc.). With deep heritage and expertise in retail one of the world's most competitive markets, with a deluge of multi-dimensional data dunnhumby today enables businesses all over the world, across industries, to be Customer First. The BCG Consultant Salary starts at a Our strategy of building an education practice alongside our media & technology capability was rewarded as we were recognized at the 2015 and 2016 Educational Investor Awards with the award for the best consultant to the private sector against stiff competition from the incumbent and the accounting firms. The estimated total pay for a Consultant is 52,652 per year in the London, England area, with an average salary of 47,092 per year. Management consulting salaries are highest in the U.S. due to the aforementioned war for talent with Silicon Valley and Wall Street, heightened U.S. demand for consulting services, and a generally tighter domestic labor market. Protiviti is a global consulting firm that delivers deep expertise, objective insights, a tailored approach, and unparalleled collaboration to help leaders confidently face the future. We have taken data from PayScale as reference and listed down the average consulting salaries for freshers (i.e. The average salary for a L&D Consultant is $56,746 per year in London (United Kingdom). However, the salary growth in management consulting outpaces many industry positions. With approximately 200,000 candidates applying every year, the McKinsey acceptance rate is 1.1%. The Chartis Group is a comprehensive advisory and analytics services firm dedicated to the healthcare industry. Wow NYC salaries are significantly higher, if what you are quoting for US is correct. London Big 4 rough guide: Undergrad Start: 32k increases to 45k after 2 years when you become an Assistant Manager/Senior Exec, MBA: Big 4 do not require an MBA in UK. At top consulting firms, entry-level management consultants may earn $100,000 each year (bonuses and profit sharings included), while senior consultants may earn up to $200,000. London is calling! What is the average consultant salary in the UK? WSO depends on everyone being able to pitch in when they know something. Thanks for the link James. BCGs summer internship program runs for 10 weeks. Check out the world-class interview prep and resume prep services that have helped land thousands of readers (like you) positions attop management consulting firms. The firm advises and supports global companies that are leaders in their industries including the largest private and public sector organizations, private equity firms, and emerging entrepreneurial businesses. Seems like the US salaries are way off what UK consulting pays - I can confirm this for Big4 atleast (PwC, EY, KPMY and Deloitte). Charles River Associates (CRA) is a global consulting firm specializing in litigation, regulatory, financial, and management consulting. Likewise, PhDs often (though not always) receive the same compensation as MBAs. Generally, consulting full-time hires receive signing bonuses, relocation bonuses, end-of-year performance bonuses, and more. These numbers represent the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. The starting salaries of consulting firms vary There is a lot of travelling, and most of my work is done outside of my base city. 15 reviews 13 salaries reported. This salary increase continues all the way up to the Partner level at which point people can expect to take home north of 500,000 a year depending on the amount of business they bring into the firm and the performance of the firm overall. This website uses cookies to enable essential functions like the user login and sessions. These numbers represent the Management Consultant Salary UK 2023. Monthly internship salaries are typically prorated based on starting salaries for new hires. So whether youre looking for a Bain consultant salary, Deloitte consultant salary, or information about niche boutique consulting firms, youve come to the home of the most up-to-date management consulting starting salary numbers available. If youre wanting to go into tech or IT consulting in the UK, the numbers are a little bit lower, but not all that different. Avasant is a leading management consulting firm focused on translating the power of technology into realizable business strategies. Pricey areas years with the Company national issurance or smth like that, a... Company Database to access reviews, interviews, and flexibility of a Deloitte consulting Manager... And salaries keep rising ( as youll see ) in itself Wall Street, and management consulting are. Technology into realizable business strategies today by transforming your business and enriching your communities a annual. To join is salary such as Glassdoor ratings and average salaries average salaries only really available if you actively such... 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